Hassan Maishera
On Friday, Chainlink announced via X that Aave has officially integrated Chainlink Smart Value Recapture (SVR) in a near-unanimous vote to recapture liquidation MEV, starting with an initial set of markets.
Chainlink SVR is a novel oracle solution that enables DeFi applications to recapture the Maximal Extractable Value (MEV) derived from their use of Chainlink Price Feeds. Built in collaboration with BGD Labs, Flashbots, and other Aave DAO contributors, Chainlink SVR recaptures oracle-related MEV using a combination of Chainlink oracle networks and Flashbots' MEV-Share service.
Aave has integrated Chainlink SVR to recapture liquidation MEV, starting with an initial set of markets, including tBTC, LBTC, AAVE, and LINK, and plans to expand to additional markets.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is down 3% over the past 24 hours, trading at $13.36.
Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $160.41 per token, down 4% in the last 24 hours.
